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Complete financial analysis of Berkshire Hills Bancorp, Inc. (BHLB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Berkshire Hills Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Berkshire Hills Bancorp, Inc. (BHLB)
About Berkshire Hills Bancorp, Inc.
Berkshire Hills Bancorp, Inc. operates as the bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans. The company also provides wealth management services comprising investment management, trust administration, and financial planning; and investment products, financial planning, and brokerage services. In addition, it offers electronic banking, commercial cash management, online banking, small business banking, asset based lending, and mobile banking services; and debit cards and other electronic fee producing payment services to transaction account customers. The company serves personal, commercial, non-profit, and municipal deposit customers. As of March 14, 2022, it operated 106 full-service branches in Massachusetts, New York, Connecticut, and Vermont. The company also has commercial banking offices in Providence, Rhode Island and New Haven, Connecticut. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 576.30M | 413.53M | 381.47M | 381.85M | 447.91M | 468.78M | 420.19M | 297.03M | 268.14M | 226.46M | 226.98M | 197.44M | 142.32M | 108.11M | 98.59M | 107.34M | 89.75M | 72.29M | 66.54M | 48.12M | 51.28M | 54.12M | 50.61M | 42.30M | 35.84M |
| Cost of Revenue | 253.36M | 241.78M | 247.25M | 0.00 | 0.00 | 248.32M | 227.00M | 161.52M | 0.00 | 0.00 | 119.16M | 104.42M | 78.17M | 65.01M | 63.85M | 62.11M | 55.62M | 41.09M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 322.94M | 171.76M | 134.22M | 381.85M | 447.91M | 220.45M | 193.19M | 135.51M | 268.14M | 226.46M | 107.83M | 93.02M | 64.16M | 43.09M | 34.74M | 45.22M | 34.13M | 31.20M | 66.54M | 48.12M | 51.28M | 54.12M | 50.61M | 42.30M | 35.84M |
| Gross Profit Ratio | 56.04% | 41.53% | 35.19% | 100.00% | 100.00% | 47.03% | 45.98% | 45.62% | 100.00% | 100.00% | 47.51% | 47.11% | 45.08% | 39.86% | 35.24% | 42.13% | 38.03% | 43.16% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 166.30M | 152.74M | 184.39M | 186.08M | 171.29M | 199.52M | 185.34M | 129.55M | 118.90M | 100.82M | 87.55M | 76.93M | 62.30M | 60.35M | 38.28M | 38.28M | 34.02M | 24.71M | 20.28M | 16.88M | 21.22M | 28.49M | 17.59M | 13.63M | 13.77M |
| Selling & Marketing | 5.38M | 5.10M | 2.75M | 3.70M | 4.47M | 7.98M | 11.88M | 3.16M | 3.31M | 2.57M | 2.60M | 2.03M | 6.21M | 5.19M | 10.67M | 0.00 | 0.00 | 0.00 | 0.00 | 991.00K | 678.00K | 648.00K | 629.00K | 578.00K | 599.00K |
| SG&A | 171.68M | 152.74M | 184.39M | 189.78M | 175.76M | 207.50M | 197.21M | 132.71M | 122.21M | 103.39M | 90.15M | 78.96M | 68.50M | 60.35M | 48.95M | 38.28M | 34.02M | 24.71M | 20.28M | 17.87M | 21.90M | 29.14M | 18.22M | 14.21M | 14.37M |
| Other Expenses | 0.00 | -89.39M | -416.84M | -1.12B | -503.76M | -431.04M | -137.36M | -65.63M | -293.99M | -247.70M | 0.00 | 0.00 | 0.00 | 0.00 | -61.67M | 0.00 | 0.00 | 0.00 | -87.25M | -28.12M | -40.40M | -57.70M | -22.01M | -16.10M | -15.67M |
| Operating Expenses | 253.90M | 5.10M | -232.45M | -934.72M | -328.00M | -223.54M | 11.88M | 3.16M | -171.78M | -144.31M | 2.60M | 2.03M | 6.21M | 5.19M | -12.72M | 48.86M | 19.41M | 66.07M | -66.97M | -10.25M | -18.50M | -28.56M | -3.79M | -1.89M | -1.30M |
| Cost & Expenses | 253.90M | 248.28M | -232.45M | -934.72M | -328.00M | -223.54M | 238.88M | 164.68M | -171.78M | -144.31M | 121.75M | 106.45M | 84.38M | 70.20M | 63.85M | 110.97M | 75.03M | 107.16M | -66.97M | -10.25M | -18.50M | -28.56M | -3.79M | -1.89M | -1.30M |
| Interest Income | 576.30M | 387.26M | 329.07M | 409.78M | 509.51M | 471.16M | 360.26M | 280.44M | 247.03M | 207.04M | 203.74M | 175.94M | 138.26M | 112.28M | 115.48M | 133.21M | 131.94M | 118.05M | 87.73M | 61.08M | 56.31M | 64.13M | 75.80M | 71.02M | 58.47M |
| Interest Expense | 207.25M | 42.66M | 37.90M | 93.00M | 144.26M | 111.83M | 65.46M | 48.17M | 33.18M | 28.35M | 34.99M | 32.55M | 31.74M | 35.33M | 45.88M | 57.47M | 68.02M | 57.81M | 36.12M | 20.72M | 18.74M | 23.43M | 33.56M | 33.47M | 26.92M |
| Depreciation & Amortization | 13.27M | 14.71M | 16.24M | 18.10M | 16.70M | 15.38M | 13.41M | 11.32M | 3.56M | 4.81M | 5.27M | 5.34M | 4.24M | 3.02M | 3.28M | 7.67M | 7.78M | 8.79M | 4.76M | 3.19M | 4.11M | 4.17M | 3.18M | 2.42M | 2.81M |
| EBITDA | 0.00 | -513.18M | 118.66M | -514.93M | 101.52M | 214.86M | 121.38M | 88.77M | 91.42M | 58.62M | 70.62M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.54M | 10.89M | 0.00 | 21.36M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 41.40% | 43.32% | -143.17% | 28.06% | 55.67% | 42.51% | 46.10% | 37.26% | 38.40% | 46.53% | 45.76% | 42.59% | 55.52% | 25.66% | 89.62% | 105.38% | 114.17% | 85.81% | 85.32% | 71.92% | 54.94% | 98.79% | 101.27% | 104.20% |
| Operating Income | 317.57M | 156.48M | 149.02M | -552.87M | 119.91M | 245.24M | 121.38M | 115.76M | 96.36M | 82.15M | 41.14M | 33.83M | 16.67M | 42.08M | 22.02M | 22.24M | 13.54M | 10.89M | -431.00K | 37.87M | 32.77M | 25.56M | 46.82M | 40.41M | 34.54M |
| Operating Income Ratio | 55.10% | 37.84% | 39.06% | -144.79% | 26.77% | 52.31% | 28.89% | 38.97% | 35.94% | 36.28% | 18.13% | 17.13% | 11.71% | 38.92% | 22.34% | 20.72% | 15.08% | 15.07% | -0.65% | 78.70% | 63.91% | 47.23% | 92.51% | 95.54% | 96.36% |
| Total Other Income/Expenses | -239.25M | 626.99M | -41.11M | -19.85M | 22.46M | -56.76M | -21.63M | -38.30M | -36.84M | -35.77M | -41.58M | -24.89M | -17.83M | -24.23M | -27.72M | 8.81M | 5.24M | 4.67M | -10.98M | 0.00 | -18.74M | -23.43M | -33.56M | -33.47M | -26.92M |
| Income Before Tax | 78.32M | 113.82M | 149.02M | -533.03M | 123.98M | 133.41M | 99.75M | 77.45M | 54.58M | 45.51M | 58.25M | 47.05M | 18.71M | 17.85M | -27.72M | 31.06M | 18.77M | 15.56M | 16.23M | 17.58M | 14.03M | 2.13M | 13.26M | 6.94M | 7.62M |
| Income Before Tax Ratio | 13.59% | 27.52% | 39.06% | -139.59% | 27.68% | 28.46% | 23.74% | 26.08% | 20.36% | 20.09% | 25.66% | 23.83% | 13.14% | 16.51% | -28.11% | 28.93% | 20.92% | 21.53% | 24.39% | 36.53% | 27.36% | 3.94% | 26.20% | 16.41% | 21.25% |
| Income Tax Expense | 8.72M | 21.29M | 30.36M | -19.85M | 22.46M | 27.65M | 44.50M | 18.78M | 5.06M | 11.76M | 17.10M | 13.22M | 2.04M | 4.11M | -11.65M | 8.81M | 5.24M | 4.67M | 8.00M | 5.64M | 5.07M | 362.00K | 4.35M | 2.36M | 2.00M |
| Net Income | 69.60M | 92.53M | 118.66M | -513.18M | 97.45M | 105.77M | 55.25M | 58.67M | 49.52M | 33.74M | 41.14M | 33.19M | 17.58M | 13.74M | -16.07M | 22.24M | 13.54M | 11.26M | 8.23M | 11.51M | 8.97M | 1.77M | 8.91M | 4.58M | 5.62M |
| Net Income Ratio | 12.08% | 22.38% | 31.11% | -134.39% | 21.76% | 22.56% | 13.15% | 19.75% | 18.47% | 14.90% | 18.13% | 16.81% | 12.35% | 12.71% | -16.30% | 20.72% | 15.08% | 15.58% | 12.36% | 23.92% | 17.48% | 3.27% | 17.61% | 10.83% | 15.69% |
| EPS | 1.61 | 2.03 | 2.41 | -10.21 | 1.96 | 2.30 | 1.40 | 1.89 | 1.74 | 1.36 | 1.66 | 1.49 | 0.98 | 0.99 | -1.22 | 2.08 | 1.47 | 1.32 | 1.16 | 2.18 | 1.70 | 0.33 | 1.42 | 0.70 | 1.03 |
| EPS Diluted | 1.60 | 2.02 | 2.39 | -10.21 | 1.95 | 2.29 | 1.39 | 1.88 | 1.73 | 1.36 | 1.65 | 1.49 | 0.98 | 0.99 | -1.22 | 2.06 | 1.44 | 1.29 | 1.10 | 2.01 | 1.57 | 0.30 | 1.35 | 0.70 | 1.03 |
| Weighted Avg Shares Out | 43.29M | 45.56M | 49.24M | 50.27M | 49.26M | 46.02M | 39.46M | 30.99M | 28.39M | 24.73M | 24.80M | 22.20M | 17.89M | 13.86M | 13.19M | 10.70M | 9.22M | 8.54M | 7.12M | 5.28M | 5.27M | 5.36M | 6.28M | 6.55M | 6.14M |
| Weighted Avg Shares Out (Dil) | 43.50M | 45.91M | 49.55M | 50.27M | 49.42M | 46.23M | 39.70M | 31.17M | 28.56M | 24.85M | 24.97M | 22.33M | 17.95M | 13.90M | 13.19M | 10.79M | 9.37M | 8.73M | 7.50M | 5.73M | 5.71M | 5.90M | 6.60M | 6.55M | 6.14M |
Berkshire Hills Announces Quarterly Shareholder Dividend
BOSTON , Nov. 1, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.18 per common share to shareholders of record at the close of business on...
Berkshire Hills Bancorp, Inc. (BHLB) Q3 2024 Earnings Call Transcript
Berkshire Hills Bancorp, Inc. (NYSE:BHLB ) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Kevin Conn - Investor Relations Officer Nitin Mhatre - Chief Executive Officer Brett Brbovic - Chief Financial Officer Greg Lindenmuth -...
Berkshire Hills (BHLB) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Berkshire Hills (BHLB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street...
Berkshire Hills Bancorp (BHLB) Q3 Earnings and Revenues Surpass Estimates
Berkshire Hills Bancorp (BHLB) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.50 per share a year ago.
Berkshire Hills Reports Higher Third Quarter Net Income of $37.5 million, or $0.88 Per Share
Operating EPS of $0.58 increased 5% linked quarter and 16% year-over-year $16 million non-operating gain on branch sale ($0.30 per share after tax) Operating revenue up 1% linked quarter and 2% year-over-year 14.8% return on tangible common equity; 9.9% operating...
Berkshire Hills Bancorp (BHLB) Reports Next Week: Wall Street Expects Earnings Growth
Berkshire Hills (BHLB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Stocks in the Zacks Savings and loan industry like SFBS, BHLB and HFWA should benefit from the decline in mortgage rates and an improving lending scenario.
Berkshire Hills Announces Third Quarter 2024 Earnings Release and Conference Call Schedule
BOSTON , Oct. 1, 2024 /PRNewswire/ -- The Berkshire Hills Bancorp, Inc. (NYSE: BHLB) third quarter 2024 earnings release and conference call are scheduled as follows: Earnings Release: October 24, 2024, at approximately 7:30 a.m. (Eastern) Conference Call: ...
Berkshire Hills Announces Quarterly Shareholder Dividend
BOSTON , Sept. 17, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.18 per common share to shareholders of record at the close of business on...
Source: https://incomestatements.info
Category: Stock Reports